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Gulf Credit Union

Overview
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Gulf Credit Union is a federally insured state credit union based in Groves, Texas. It has been opened since 1941, for 79 years.

With around $278,250,000 in assets, Gulf Credit Union is considered to be a very large credit union. It has 4 branches and 4 ATM locations.

About
Address 5140 W. Parkway Street
Groves, Texas 77619
Website http://www.gecu.org
Phone (409) 963-1191
Fax (409) 962-3584
CEO Ron Burkhalter
President of the Board Libby Arnold
Services Offered
Map
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Score Card
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79 years
Years in business
Opened in 1941
Adequately Capitalized
Net worth classification
Source: NCUA
27,031 members
Membership type: State chartered natural person credit union
Above average number of members
318:1
Credit union member to staff ratio
318 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
$278,245,741
Total assets
Above average
4 branches
Compared with an average of 4 nationally and 3 in Texas
Above average number of branches
0.15%
Savings interest rate
Compared to 0.3% nationally
Branches
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4 branches
Compared with an average of 4 nationally and 3 in Texas
Above average number of branches
Gulf Credit Union Branch Locations

Gulf Credit Union: Groves
5140 W. Parkway Street
Groves, Texas 77619
ATM Available
Gulf Credit Union: Beaumont
2360 Dowlen Road
Beaumont, Texas 77706
ATM Available
Gulf Credit Union: Bridge City
4721 Highway 87 S.
Orange, Texas 77630
ATM Available
Gulf Credit Union: Mid County
2779 Aero Drive
Port Arthur, Texas 77640
ATM Available
Members
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27,031 members
Membership type: State chartered natural person credit union
Above average number of members

With 27,031 members, the Gulf Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 85% of credit unions.

Fees
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$86
Average fee per member
The average fee per member at the Gulf Credit Union is $86, which is high compared to most credit unions. This rate is higher than 78% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Gulf Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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318:1
Credit union member to staff ratio
318 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
85 staff members
FTE (full-time equivalent)
2% of employees are part-time
84 full-time, 2 part-time

Gulf Credit Union has 84 full-time staff members and 2 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 98% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Gulf Credit Union has around 318 members per staff, a low ratio compared to other credit unions. This is a well staffed credit union.

Assets
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$278,245,741
Total assets
Above average
Net worth
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Adequately Capitalized
Net worth classification
Source: NCUA
An adequately capitalized credit union has a net worth ratio between 6% and 7% and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
6.8%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$16,464
Average loan and lease size
Loan & lease sizes are big! They are bigger than at 84% of credit unions.

Gulf Credit Union holds a total of $155,830,000 in loans and leases, which is about $16,464 per member on average.

Savings interest rate
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0.15%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Gulf Credit Union pays 0.15%.

Loan rates
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7.87%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
5.24%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.71%
New car loan rate
Compared to 4.0% nationally
5.94%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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4.88%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
5.40%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally